Reuters US Business

By David Morgan, Nolan D. McCaskill, Bo Erickson and Gram Slattery WASHINGTON (Reuters) -President Donald Trump on Wednesday signed legislation ending the longest government shutdown in U.S. history, hours after the House of Representatives voted to restart disrupted food assistance, pay hundreds of thousands of federal workers and revive a hobbled air-traffic control system. The Republican-controlled …

Trump signs deal to end longest US government shutdown in history Read More »

By Rajasik Mukherjee (Reuters) -Long overlooked as the backwater of the Australian equity market, small-cap stocks are having their best run in over a decade due to strong earnings and growth potential, as pricey blue-chip stocks have sent investors seeking value elsewhere, fund managers say. Powered by robust earnings, easing interest rates and a policy …

Backwater to breakout: Investors pivot to Australian small caps as blue-chip premiums bite Read More »

By Stella Qiu SYDNEY (Reuters) -Australian employment surged in October as firms took on more full-time workers, pulling the jobless rate down from a four-year high and bolstering a growing view that the current easing cycle may have run its course. The strong report sent the Australian dollar up 0.3% to a ten-day high of …

Australia’s jobs roar back in October, rate cut prospects tumble Read More »

By David Shepardson WASHINGTON (Reuters) -The Trump administration late on Wednesday froze government-imposed flight cuts at 40 major airports at 6% after air traffic control absences fell sharply, hours ahead of an expected end to the record-long U.S. government shutdown. The Federal Aviation Administration last week ordered 8% cuts for Thursday and 10% for Friday, …

US freezes flight cuts at 6% as air traffic control absences shrink Read More »

MEXICO CITY (Reuters) -Nvidia on Wednesday denied plans to invest $1 billion in the northern Mexican state of Nuevo Leon, hours after the state governor touted the firm’s plans to build a data center there. Later on Wednesday, Governor Samuel Garcia appeared to correct the information, with local media reporting he had clarified that the …

Nvidia denies $1 billion investment in northern Mexico Read More »

By Ann Saphir (Reuters) -Boston Federal Reserve President Susan Collins, who voted for both of the Fed’s policy-rate reductions this year, said on Wednesday she sees a “relatively high bar” for additional easing in the near term, citing worries about elevated inflation. “Absent evidence of a notable labor market deterioration, I would be hesitant to …

Fed split deepens as Collins says she would hesitate to support another cut Read More »

By Juby Babu (Reuters) -Cisco Systems raised full-year forecast for profit and revenue on Wednesday, betting on robust demand for its networking equipment driven by multi-billion-dollar data center expansions amid the artificial intelligence boom. Shares of the company, a supplier to cloud, enterprise and communication services providers, rose more than 7% in extended trading. They …

Cisco raises annual forecast on AI-driven demand for networking gear Read More »

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Atlanta Federal Reserve President Raphael Bostic, the first Black and openly gay person to lead one of the U.S. central bank’s 12 regional banks, said on Wednesday he will retire at the end of his current term on February 28, 2026, an unexpected departure amid a push …

Bostic announces retirement amid Trump push for more influence over Fed Read More »